Blanchard: European Banks Not Fragile, but Complicated

The transcript discusses the challenges European banks face, including regulatory pressures, technological changes, and the impact of negative interest rates. It highlights the role of quantitative easing (QE) in financial crises and debates its long-term effectiveness. The conversation also touches on the technological advancements affecting banks like Societe Generale and Barclays, and the broader implications of central bank policies on the banking sector.

Discuss the impact of quantitative easing (QE) on banks and the economy.

What is the significance of liquidity ratios for banks as described in the text?